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Gold 4062 short is already placed. Is this time meant to take a big move?
$XAU /USDT - SHORT sell
Trading plan:
Entry: 4059.02 – 4064.76
SL: 4089.47
TP1: 4041.20
TP2: 4027.41
TP3: 4006.73
Why focus on this setup?
- On the 4H timeframe, the signals are bearish; RSI on 15M is only 46.15, and momentum is weak.
- Entering around 4061.89, the first target is 4041.20, with upside space of over $20.
- The 1D trend is ranging/sideways, but the SHORT signal has triggered; the stop loss at 4089.47 is manageable.
Discussion:
Will this wave go to TP1 first, or will it sweep the SL directly? Have you placed an order?